This Guidebook is to help Audit Committees do their work better. MAS, ACRA and SGX are strongly committed to maintaining and strengthening the standards of corporate governance in listed companies in Singapore. Audit Committees play an important role in the governance and oversight of companies. They are central to ensuring that good internal controls and risk management systems are in place as well as delivering sound financial reporting. The growing complexities of the business environment impose even greater demands on Audit Committees. This Guidebook is therefore timely.